Due to theft, Nigeria’s crude oil production output for the year remained dismal in September, with an average of 937,766 barrels per day produced (bpd); This contrasts with the 972,394 bpd for the month of August, which fell short of Angola’s 1. 17 million barrel daily average and caused Nigeria to lose its position as Africa’s top oil producer.
According to the Nigerian Upstream Petroleum Regulatory Commission data, Nigeria produced 937,766 bpd on average per month; down from 972,394 in August and 1,03,899 in July.
The Nigerian administration has acknowledged that despite high prices, crude oil theft has had a negative impact on Nigeria’s performance.
Mele Kyari claimed that oil production had decreased to less than 1. 2 million barrels per day, and local importers were to accept payment. This is according to the Nigerian National Petroleum Company Limited (NNPC), which reported this in an effort to combat the problem.